Understanding MoneyBricks
MoneyBricks turns structured products — the defined-outcome instruments private banks have sold for decades — into on-chain tokens anyone can price, hold, and redeem. You choose an outcome — a protected floor, a buffer, a capped upside, a steady yield — the way you'd pick a zone on a prediction market. We price it against live options, mint it as a token, and track its value on-chain every day.
The core idea — the yield is the budget
Every note starts by setting aside enough to give you back your principal — or a chosen floor — at maturity. The yield that principal would have earned becomes a budget that buys market exposure: a slice of upside, a buffer against losses, a stream of income. You spend the yield, not the principal, to shape a defined outcome. That single idea — pick the shape, fund it from the yield — is what every product on this page is built from.
Priced & minted on demand
Every product is priced live against the real options market, then issued as a token you own.
NAV-tracked daily
An on-chain oracle marks each note's value every day, so you always see what it's worth.
Redeemable on-chain
Sell before maturity through a request-for-quote, or hold to maturity for automatic settlement.
Where we're going
Today MoneyBricks issues single-underlying notes on major indices and liquid assets. Next comes multi-underlying and exotic autocallable notes — the higher-yield, path-dependent family — arriving Q4. Longer term, the whole library becomes queryable by AI agents, so a copilot, a treasury, or a wallet can find and hold the right defined outcome on your behalf. The direction is a single infrastructure layer for tokenised structured products.
On This Page
Cash & Yield
Put idle capital to work — no equity exposure
Cash Vault
Reserve-Grade YieldA place to hold stablecoins and earn the prevailing short-dated US dollar rate, with no equity exposure and no lock-up. The vault tracks the money-market rate and accrues value daily — a working-capital home that keeps earning between trades.
Payoff at Maturity
Risk Level
Complexity
What it's for
Advantages
- +Earns a competitive short-term USD rate
- +No equity or directional market risk
- +No lock-up — available whenever you need it
Risks
- -Yield floats with the prevailing rate environment
- -No upside beyond the cash rate
- -Not principal-guaranteed in the contractual sense of a note
Zero-Coupon Note
Locked ReturnBuy below par today, redeem at par on a fixed future date — a tokenised equivalent of a discount bill. Your return is fixed the moment you buy, independent of what markets do in between. The simplest way to lock a known amount for a known date.
Payoff at Maturity
Risk Level
Complexity
What it's for
Advantages
- +Return is known and locked at purchase
- +No market exposure over the life of the note
- +Clean building block for planning and laddering
Risks
- -Funds are committed until the maturity date for the full return
- -No participation in any market upside
- -Return reflects prevailing rates at the time of purchase
Capital Protection
Keep your principal, participate in the upside
Principal Protected
Capital GuaranteeA capital-protected note gives you back 85–100% of your investment at maturity while still participating in the upside of an underlying. You choose the floor; the higher the protection, the more of the yield budget it consumes — so the upside cap is a little lower. A conservative way to stay invested without risking the downside.
Payoff at Maturity
Risk Level
Complexity
What it's for
Advantages
- +Principal protected at maturity (85-100%)
- +No margin calls, no liquidation, no decay
- +Maximum and minimum outcomes known at entry
Risks
- -Upside is capped — you give up the tail of a big rally
- -Protection applies at maturity, not day-to-day
- -A higher floor means a lower cap
Compose · Real-World Backed
Protection backed by a tokenized money-market fund
Compose
100% Principal · MMF-BackedCompose is a fully principal-protected note where your money stays in a real, tokenized money-market fund — the same kind of short-term US Treasury fund institutions use for cash. The fund's yield is what buys your market upside. At maturity you get your principal back plus any upside; if markets go nowhere, you simply keep your principal. It's the cleanest expression of 'the yield is the budget' — the backing is a live on-chain fund, not a synthetic construct.
Payoff at Maturity
Risk Level
Complexity
What it's for
Advantages
- +Full principal protection — keep 100% if markets go nowhere
- +Principal held in a recognised tokenized money-market fund
- +Transparent backing you can see on-chain
- +Upside is funded by real yield, not leverage
Risks
- -Upside is capped, like any protected note
- -Principal is committed for the chosen lock term
- -Returns depend on the fund's prevailing yield at issuance
Why Compose is different
Most protected notes hide their financing inside the product. Compose puts it in plain sight: your principal literally sits in a tokenized short-term Treasury fund, and only that fund's yield is spent to buy the upside. You can point to where your money is at any moment — the backing is a live, real-world-asset fund, and the note settles by returning that position to you plus whatever upside you earned.
Defined Outcome
Shape the payoff to a specific market view
Buffered
Loss AbsorptionA buffered note absorbs the first 10–30% of market losses before you take any hit, in exchange for a capped upside. Inside the buffer you lose nothing; only beyond it do losses begin, one-for-one. A middle ground between full protection and full exposure — more upside than a protected note, real downside cushion versus holding the asset outright.
Payoff at Maturity
Risk Level
Complexity
What it's for
Advantages
- +First 10-30% of losses fully absorbed
- +Higher cap rates than principal-protected notes
- +Clear, defined risk profile at entry
Risks
- -Capital is at risk beyond the buffer threshold
- -Upside is capped
- -In a severe downturn, losses are 1:1 past the buffer
Dual Directional
Up OR DownA dual-directional note pays you a positive return whether the underlying rises OR falls — as long as it stays within a band. Up moves earn capped upside; down moves earn a mirrored gain up to a peak. Only a large fall past the mirror point turns into a loss. Ideal when you expect a meaningful move but aren't sure which way.
Payoff at Maturity
Risk Level
Complexity
What it's for
Advantages
- +Profits from moves in either direction within the band
- +No need to call the direction correctly
- +Distinctive payoff not available from a single option
Risks
- -A large fall past the mirror point produces losses
- -Both the upside cap and the mirror peak are limited
- -More complex to reason about than a one-sided note
Risk Reversal
Geared ConvictionA risk-reversal note gives you leveraged upside above a 'dead zone' around today's price, financed by accepting downside below a floor. Small moves do nothing; a decisive move in your favour is amplified. It's a capital-efficient way to express strong directional conviction — you pay for the leverage by taking on the other tail.
Payoff at Maturity
Risk Level
Complexity
What it's for
Advantages
- +Amplified upside on a decisive move in your favour
- +Capital-efficient — little or no premium up front
- +Cleaner than managing a leveraged position yourself
Risks
- -Real downside exposure below the floor
- -Small moves inside the dead zone earn nothing
- -Best suited to high-conviction views only
Growth
Direct or amplified exposure, without margin
Tracker
Delta-One & LeveragedA tracker gives you exposure to an underlying — either one-for-one (direct) or leveraged (up to 3× the upside past a kink), with the underlying's full downside. Unlike a leveraged ETF there's no daily rebalancing decay, no margin calls, and no liquidation: the entire payoff is fixed when you mint. A simple way to hold — or amplify — a directional position.
Payoff at Maturity
Risk Level
Complexity
What it's for
Advantages
- +Choose direct (1x) or amplified (up to 3x) upside
- +No liquidation risk, no margin calls, no rebalancing decay
- +The whole payoff is fixed at mint
Risks
- -Full downside exposure to the underlying — no protection
- -Leverage amplifies losses on the way down too
- -Best for a clear directional view
Product Comparison
| Product | Category | Best For | Protection | Risk | Complexity |
|---|---|---|---|---|---|
| Cash Vault | Cash & Yield | Idle reserves | Cash-like | Low | Beginner |
| Zero-Coupon | Cash & Yield | Known date, known return | Par at maturity | Low | Beginner |
| Protected | Capital Protection | Cautious upside | 85-100% floor | Low | Beginner |
| Compose | Real-World Backed | Protected + T-bill backing | 100% principal | Low | Beginner |
| Buffered | Defined Outcome | Cushioned exposure | 10-30% buffer | Medium | Beginner |
| Dual Directional | Defined Outcome | Move, direction unknown | Loss past mirror | Medium-High | Advanced |
| Risk Reversal | Defined Outcome | High-conviction direction | Downside below floor | Medium-High | Advanced |
| Tracker | Growth | Direct / amplified long | None | Medium-High | Advanced |
Exotic Autocallables
Coming Q4The highest-yield family: path-dependent notes with barriers and early-redemption features that pay conditional coupons in exchange for taking on more nuanced risk. These are priced on request today and arrive in the tradable catalog in Q4. A preview of what's coming:
Phoenix Autocall
Periodic conditional coupons, early redemption if the underlying recovers.
Step-Down Autocall
Like Phoenix, but the early-redemption trigger eases over time.
Worst-of Autocall
Multi-asset — higher coupons in exchange for basket dispersion risk.
Barrier Reverse Convertible
A fixed, guaranteed coupon with a downside knock-in barrier.
Covered Call
Hold the asset, sell calls for premium income, cap the upside.
Shark Fin
Protected upside that knocks out to a small rebate past a barrier.
Full write-ups, payoff diagrams, and one-click pricing land alongside the Q4 catalog release.
Key Terms
Floor / Principal Protection
The minimum you get back at maturity, expressed as a percentage of your investment (e.g. a 100% floor returns all your principal; a 90% floor returns at least 90%). Protection applies at maturity, not day-to-day.
Buffer
A cushion that absorbs the first slice of losses (e.g. 20%). Inside the buffer you lose nothing; only beyond it do losses begin, one-for-one with the underlying.
Cap
The maximum return a note can pay. Most protected and buffered notes trade some upside away — the cap — in return for the protection or buffer they provide.
The yield is the budget
The financing idea behind every note: enough is set aside to secure your floor, and the yield that principal would earn is the budget spent on market exposure. You spend yield, not principal, to shape the outcome.
NAV (Net Asset Value)
The current marked value of a note. An on-chain oracle updates each note's NAV daily so you always see what your position is worth before maturity.
Dead Zone
In a risk-reversal note, the band of small moves around today's price where the return is flat — you need a decisive move for the leveraged payoff to kick in.
Mirror Peak
In a dual-directional note, the maximum gain earned on the downside. As the underlying falls, your return rises to this peak before a larger fall turns into a loss.
Delta-One
One-for-one exposure to an underlying — a tracker with no leverage moves point-for-point with the asset.
Autocallable (Q4)
A note that can redeem early ('autocall') if the underlying is above a trigger on an observation date, typically paying par plus a coupon. Part of the exotic family arriving in Q4.
Notional
The face value of the note — the amount your returns, floor, and coupons are calculated on.
Try it yourself — price any product live in the Trade terminal, browse ready-made ideas on Explore, or ask the built-in assistant to find the right defined outcome for your goal. Every note is priced against the real options market and tracked on-chain.